Read through the most famous quotes by topic #mortgage
We were taking out mortgages we couldn’t afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds. ↗
If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder. ↗
#done #government #guarantee #guaranteed #i
I think we've been dulled by capitalism. We're just blobs now - we're so worried about how we can keep paying the lease on the car, the mortgage, the lease on the toaster and all that. You can't really think about much else. If you lose that, you lose the whole lot. ↗
#been #capitalism #car #else #how